Fed to pump in more than $1 trillion in dramatic ramping up of market intervention amid coronavirus

In all, the new moves pump in up to $1.5 trillion into the financial system.

The Federal Reserve stepped into financial markets Thursday for the second day in a row and the third time this week, this time dramatically ramping up asset purchases amid the turmoil created by the coronavirus.

The New York Fed said in an early afternoon announcement amid a washout on Wall Street that was heading toward the worst day since 1987.

However, despite the sharp initial risk rally, we think these measures will still not be sufficiently to durably stabilize market sentiment yet in light of credit concerns and escalating health concerns. [source]

Unfortunately the fed has utilized all of its typical methods to bailout the failed policies of the current administration. Pumping $1.5T into the economy more than likely will not stop the run away train that was only needing a catalyst to burn the house of cards down. Another bank bailout for the wealthy — and devaluing the currency of our Nation.

Maybe we should have listened when trump said he was the king of debt — and bankruptcy from his prior endeavors.

 

If the economy is so robust and strong, as those here on the Right continually claim, why then is it necessary for the government to pump up to $1.5 TRILLION into it?

 

A side note, Trump's travel ban, leaves out the nation's where 3 of his golf resorts are !!!!

The man is in it for himself !!!

 

The FEDS action seemed to have a very short term effect on the market, which is now back down over 2,000 points.

 

I don't think the government should be propping up the market either. When it recovers, I want it to be because of market strength, not some house of cards ready to topple.

 

It won't.
How about DOW ~ 10 000?

 

Debt, that would be the last idiot! Bankruptcy is hardly something Trump has taken advantage of.. My guess is you, like other that point fingers have never been buried under half a million in medical bills..

This Is the No. 1 Reason Americans File for Bankruptcy

So, you got some nasty things to call those poor ordinary people, or you just gonna remain selective and ignorant in your condemnations about those and their use of bankruptcy¯\_(º¸º)_/¯

 

If that's what it takes...

 

Because the democrats always preach "never waste a good crisis" and what party is holding the purse strings You learn eventually how gubmint works

 

Because coronavirus??
Because Saudi Arabia's oil price war??

Neither of which is Trump's fault, nor a reflection on the economy prior.

Blaming this on Trump is silly and partisan.

 

As he always has been

 

Is ignoring the debt and demanding the fed exhaust its tools from 2017 to 2020 also the fault of the virus and SA?

 

Bankruptcy has absolutely been used by trump and his companies — as for medical bills, you have no idea what me or my family has been through — I have seen what a single cost to an oncologist is at two appointments per week for seven months. Put up your crystal ball, it is broken.

WTF are you even talking about?

 

This is when the Fed should be doing something like this. During the prior admin they were pumping a trillion a month in simply to make it look like Obama policies were working.

they should be doing it when an act of God like this virus impacts the market

 

The Fed didn’t exhaust its tools, and he hasn’t ignore the debt..his budget pros oral will balance the budget in the foreseeable future

 

You're the one that felt the need to slam Trump for debt and bankruptcy, I just schooled you on what you clearly found relevant enough to close your post with

 

Pumping 500 billion into the repo market and dropping the rate three times during a “full blown rocket ship of an economy” is absolutely exhausting it’s tools.

He has absolutely ignored the debt, he is on record as saying “Who the hell cares about the debt”...

The only thing propping up his polling numbers was the stock market and the economy, if those two things are wiped away because he failed to prepare I guess he can always run on his personality and “trolling the libz”

 

Wrong.

 

You couldn’t school a rock, much less a person.
trump has never filed bankruptcy due to medical bills, it is because his scams fell apart.

Try again

 

All of it is factual and easily sourced.

Crying “wrong” because you don’t like fact is just... well... sad.

 

Please show me where I blamed Trump.

That's right, I didn't.

Now, answer my question: If the economy is as sound as you claim it to be, why is it necessary for the Feds to continually prop it up?

You can't have it both ways. If you, wrongly, want to claim that this "robust" economy is a direct result of Trump's policies, then you must also concede that if it tanks he is just as responsible.

 

I agree...his budget proposal is, and it balances the budget in the foreseeable future.

and no the Fed obviously didn’t exhaust. It’s tools hence why we are discussing this thread.

 

bankruptcy

That's obvious

Ya so what, he certainly isn't the only one to take advantage or use it..

Same here! And I don't begrudge ANYONE for using it, rich or poor. Then again I'm not one to judge other for something I might do myself, that would make me a hypocrite and IMO a nitpicking Leftist

 

Look at all the strawmen and deflection, almost like you don't have a point.

Try again

 

What did he do in 2017? Or 2018?
What he proposes after he is removed from office is irrelevant.

Injecting 2Trillion into the market means we no longer have a free market, we have a manipulated one.
Cons use to care about such thing.